Kailashchandra Nuwal

Who is Kailashchandra Nuwal?

Who is Kailashchandra Nuwal? He is a Nagpur businessman and the younger brother of Satyanarayan Nuwal, who founded Solar Industries India, the explosives and defence manufacturer 13. Forbes says his fortune comes from his shares in Solar 1. He served as the company’s vice chairman and a director until 2019, when, according to Forbes, he had to step down for failing to disclose his stake in a private company 1.

His exit led to a long legal fight with the company. Proceedings ran through the National Company Law Tribunal (NCLT), the National Company Law Appellate Tribunal (NCLAT) and the Supreme Court between 2021 and 2025 456. Forbes reports that the two brothers have been in a dispute since 2020 3. He remains a large shareholder, and in 2023 he voted against four resolutions at Solar’s annual general meeting 1.

How did Kailashchandra Nuwal make his money?

Forbes does not class his fortune as self-made 1. His wealth tracks one asset:

1. Solar’s growth (1995 onwards): His brother set up Solar’s first explosives plant in 1995, and the company moved into defence in 2010 9.
2. His shareholding: Forbes attributes 2,64,77,000 Solar shares (about 2.65 crore) to him 1.
3. Rising profits (2026): In the year to March 2026 Solar reported record sales of ₹9,838 crore and net profit of ₹1,737 crore, with a defence order book of about ₹18,000 crore 7. Higher earnings have lifted the share price and his net worth with it.

See Kailashchandra Nuwal’s net worth.

What companies does Kailashchandra Nuwal own?

Forbes lists only one holding for him: his stake in the listed Solar Industries India 1. He no longer has a board or management role there 1. Solar is run by his nephew Manish Nuwal, the managing director and CEO 8. The sources reviewed for this profile do not name the private company whose stake was at issue in 2019. See Kailashchandra Nuwal’s companies.

What is Kailashchandra Nuwal’s net worth?

Forbes’ real-time list put Kailashchandra Nuwal’s net worth at $5.20 billion (about ₹49,520 crore) on 5 November 2026, 39th in India and 829th in the world 12. It fell by $299 million, or 5.44%, that day, the same percentage drop as his brother, because both fortunes rest on Solar shares 13.

Early life

Forbes gives his date of birth as 6 July 1957, which makes him 69 1. His elder brother Satyanarayan was born in 1952 in Bhilwara, Rajasthan, but details of Kailashchandra’s own birthplace, schooling and early career have not been reliably published 9. Read the Kailashchandra Nuwal biography.

Who is in Kailashchandra Nuwal’s family?

His brother Satyanarayan chairs Solar, and his nephew Manish is its chief executive 38. Solar Industries brought a case against Kailash Chandra Nuwal and others that reached the Supreme Court. On 26 August 2025 the court noted that the director’s term (1 April 2016 to 31 March 2021) had expired, made no ruling on the merits and sent the company petition back to the NCLT to decide quickly, with all contentions left open 5. Neither brother has given a detailed public account of the dispute in the sources reviewed. See Kailashchandra Nuwal’s family.

Where does Kailashchandra Nuwal live?

Forbes lists his home city as Nagpur, where Solar has its headquarters 1. He keeps a low public profile, and no details of his home or other property have been reliably published. See Kailashchandra Nuwal’s lifestyle.

Kailashchandra Nuwal’s career at a glance

Key dates: birth (1957), exit as Solar vice chairman (2019), start of the family dispute (2020), NCLT order (February 2021), NCLAT ruling (December 2021), Supreme Court stay (January 2022), AGM votes against the board (2023) and the Supreme Court’s disposal of the appeal (August 2025). See the Kailashchandra Nuwal career timeline.

Rankings Kailashchandra Nuwal appears in

• Richest people in India: #39 on Forbes real-time, 5 November 2026 1

• Richest people in manufacturing and industrials, alongside Satyanarayan Nuwal and Venu Srinivasan

• Browse all people and all companies